Financial Services Financial Services

US FDIC’s cyber defenses rated ineffective, putting bank customers' data at risk

By Neil Roland
  • 30 Oct 2020 16:12
  • 30 Oct 2020 16:12
The US Federal Deposit Insurance Corp.’s information security program was rated ineffective in an internal review, the latest in a series of critical reports about the banking regulator’s cyber defenses.
Security control weaknesses “placed the confidentiality, integrity and availability of the FDIC’s information systems and data at risk,” the agency’s

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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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